Massive amount of work in REE DFS's - probably the most technical mining product going around.
Getting de-risked step by step.
Sovereign risk will start to come off if / once ML, Pilot plant, offtakes and agreements, funding and FID rolls out.
Learnings from Pilot plant should also be very interesting.
Lots happening this year, looks like aiming for 2025 for full production from the main plant.
Ann: Makuutu Definitive Feasibility Study, page-44
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